Budding Michael Jordans didn’t tip-toe around the fun last week, teaming up instead for a game of hoops on their newbasketball court during a ribbon-cutting for the snazzy, just-opened playground at P.S./I.S. 206 — complete with sweet dance and music presentations.

Nearby, pint-sized masterminds locked horns over chess at a game table while their pals checked out other cool features in the reconstructed recreation space on E. 22nd Street and Gravesend Neck Road, which the school will share with their neighbors as part of the city’s PlaNYC’s Schoolyards to Playgrounds — an ambitious plan to ensure all New Yorkers live within a 10–minute walk of a park or playground.

“It gives back to the community, and helps our students academically and physically,” said Assistant Principal Randy Nelson.

“The kids are very excited,” she added.

A running track, and a playground with slides and a jungle-gym were among the special features, said the administrator, and also include a football field, a stage, a map of the United States and an alphabet chart.

“It’s a modern version of the old-fashioned playground,” she said.

As part of PlaNYC’s Open Space goal, the city has pledged to open 257 schoolyards by 2013. The playgrounds will be open after school, on weekends and during school breaks.